10-K/APeriod: FY2003

CUMMINS INC Annual Report (Amendment), Year Ended Dec 31, 2003

Filed March 25, 2004For Securities:CMI

Summary

This filing is an amendment (10-K/A) to Cummins Inc.'s (CMI) 2003 Annual Report, specifically addressing the inclusion of financial statements for Dongfeng Cummins Engine Company Limited (DCEL), a 50% owned unconsolidated subsidiary. The primary reason for this amendment is to comply with Regulation S-X, which required these financial statements to be filed by March 30, 2004, and which were initially excluded from the annual report to shareholders. Investors should note that this amendment primarily concerns financial statement disclosures rather than significant operational changes or performance updates for the consolidated entity itself. The filing incorporates the independent auditor's report and detailed financial statements for DCEL, including its statements of operations, financial position, cash flows, and shareholders' equity, along with accompanying notes.

Key Highlights

  • 1Amendment filed to include financial statements of Dongfeng Cummins Engine Company Limited (DCEL), a 50% owned unconsolidated subsidiary.
  • 2DCEL's financial statements are required by Regulation S-X and were initially omitted from the shareholder report.
  • 3The filing includes DCEL's audited financial statements: Statements of Operations, Financial Position, Cash Flows, and Shareholders' Equity.
  • 4This amendment ensures compliance with SEC filing requirements regarding significant unconsolidated subsidiaries.
  • 5Previously filed components of the 10-K, such as consolidated statements and independent auditor reports for the parent entity, are marked as '* Previously filed'.
  • 6The company was an 'accelerated filer' as of the filing date.

Frequently Asked Questions

The main purpose of this Amendment No. 1 to the 10-K is to include the financial statements of Dongfeng Cummins Engine Company Limited (DCEL), a 50% owned unconsolidated subsidiary. These statements were required by Regulation S-X but were initially omitted from the standard annual report to shareholders.

No, this amendment primarily focuses on the financial reporting requirements for a significant unconsolidated subsidiary (DCEL). It does not introduce new consolidated financial performance data for Cummins Inc. itself, as the consolidated financial statements and auditor reports were previously filed.

The filing includes the full set of financial statements for DCEL, comprising its Statements of Operations, Statements of Financial Position, Statements of Cash Flows, and Statements of Shareholders' Equity, along with the necessary accompanying notes and the independent auditor's report for DCEL.

DCEL's financial statements were excluded from the annual report to shareholders under Rule 14a-3(b), which permits such exclusions for unconsolidated subsidiaries. However, SEC Regulation S-X still mandates their separate filing by a specific date, leading to this amendment.